In the first half of the year Honkarakenne Oyj’s net sales grew and operating result weakened compared to the first half of the previous year. The negative development of the operating result was impacted by the Group’s outlays on sales and marketing as well as deliveries being pushed forward from report period to the last part of the year. At the end of June, the order book was 33% higher than a year earlier, as the company said in the press release received by Lesprom Network.
The Group’s first half year net sales in 2018 increased by 10% to Euro 19.7 million, compared to Euro 17.9 million in the 1H 2017.
The adjusted operating loss for the January-June period was Euro -0.7 million, the operating loss was Euro -0.7 million and the result before taxes was Euro -0.8 million.
Marko Saarelainen, President and CEO of Honkarakenne Oyj, in connection with the half-year report: “We worked on our new strategy in the first half of the year. The aim of our revised strategy is for Honkarakenne to reach a new level in its business operations and reinforce its position as a leading international supplier of high-quality wood construction and services. With the new strategy, we will implement our vision as a pioneer of ecological and healthy living and housing.
In Russia & CIS, sales developed at a slightly slower rate than expected, and it is forecast that the rest of the year will remain challenging as well. In Global Markets, the trend in net sales was in line with the company’s expectations. Sales performed best in Asia, especially in Japan, but new deals were made in other territories of Asia and in Oceanian countries as well. Outlays on international project sales will continue.”
Honkarakenne manufactures high-quality, healthy and ecological detached houses, holiday homes and public buildings using Finnish solid wood.
